NYSE:BLND

Blend Labs (BLND) Stock Forecast, Price & News

$1.18

-0.01 (-0.84%)

(As of 09/21/2023 ET)

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Today's Range: $1.13
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$1.21
50-Day Range: $1.05
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$1.50
52-Week Range: $0.53
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$2.86

Volume: 294,145 shs
Average Volume: 720,834 shs
Market Capitalization: $290.15 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $1.89

Blend Labs MarketRank™ Forecast

Analyst Rating: Hold
2.20 Rating Score
Upside/Downside: 60.2% Upside
$1.89 Price Target
Short Interest: Bearish
5.84% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.95
Based on 4 Articles This Week
Insider Trading: Selling Shares
$298,535 Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.63) to ($0.32) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.02 out of 5 stars

Computer And Technology Sector

407th out of 592 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

37th out of 60 stocks

3.1

Analyst's Opinion

Consensus Rating
Blend Labs has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on 1 buy rating, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $1.89, Blend Labs has a forecasted upside of 60.2% from its current price of $1.18.
Amount of Analyst Coverage
Blend Labs has only been the subject of 2 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
5.84% of the float of Blend Labs has been sold short.
Short Interest Ratio / Days to Cover
Blend Labs has a short interest ratio ("days to cover") of 7.
Change versus previous month
Short interest in Blend Labs has recently increased by 1.81%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Blend Labs does not currently pay a dividend.
Dividend Growth
Blend Labs does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for BLND.

3.3

News and Social Media Coverage

News Sentiment
Blend Labs has a news sentiment score of 0.95. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.57 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Blend Labs this week, compared to 2 articles on an average week.
Search Interest
Only 2 people have searched for BLND on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.
MarketBeat Follows
3 people have added Blend Labs to their MarketBeat watchlist in the last 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Blend Labs insiders have sold 1,645.92% more of their company's stock than they have bought. Specifically, they have bought $17,099.00 in company stock and sold $298,535.00 in company stock.
Percentage Held by Insiders
11.83% of the stock of Blend Labs is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
46.23% of the stock of Blend Labs is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Blend Labs are expected to grow in the coming year, from ($0.63) to ($0.32) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Blend Labs is -0.86, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Blend Labs is -0.86, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Blend Labs has a P/B Ratio of 2.15. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Blend Labs (NYSE:BLND) Stock

Blend Labs, Inc. engages in the provision of cloud-based software platform solutions for financial services firms in the United States. It operates in two segments, Blend Platform and Title365. The company's Blend Builder Platform offers a suite of products that powers digital-first consumer journeys for mortgages, home equity loans and lines of credit, vehicle loans, personal loans, credit cards, and deposit accounts; and offers mortgage products to facilitate the homeownership journey for consumers comprising close, income verification for mortgage, homeowners' insurance, and realty. It also offers verification components to automate confirmation tasks that are needed to underwrite a loan or approve the opening of a new deposit account; decisioning components to reduce the need for human intervention by automatically applying business rules throughout an application workflow configured by a financial services firm; workflow intelligence components to manage data collection and automate tasks throughout the loan origination process; and marketplace components to enable consumers to shop for products and services presented at the precise moment of need during an application for a loan. In addition, the company, through its subsidiary, offers title search procedures for title insurance policies, escrow, and other closing and settlement services, as well as other trustee services; and provides professional and consulting services. It serves banks, credit unions, financial technology companies, and non-bank mortgage lenders. Blend Labs, Inc. was incorporated in 2012 and is headquartered in San Francisco, California.

BLND Price History

30 days | 90 days | 365 days | Advanced Chart

BLND Stock News Headlines

September 21, 2023 | americanbankingnews.com

Reviewing Blend Labs (NYSE:BLND) and CEVA (NASDAQ:CEVA)

September 20, 2023 | finance.yahoo.com

15 Best Affordable Stocks To Buy Under $5

September 22, 2023 | Wall Street Fundamentals (Ad)

The "Plug and Play" Model Putting Online Giants to Shame

While e-commerce has been undergoing a turbulent time, a "simple" model has grown 4X faster than Amazon over the last 3 years. Applying this model to high-margin, recession-resistant businesses has shown to be profitable. But that's just the beginning of explaining the 400+% growth - and potential - of this "diamond in the rough."

September 5, 2023 | finance.yahoo.com

Blend to Hold Its Investor Day on September 26, 2023

August 22, 2023 | finance.yahoo.com

Blend to Participate in the Goldman Sachs Communacopia & Technology Conference

August 18, 2023 | finance.yahoo.com

Blend Labs (BLND) Could Find a Support Soon, Here's Why You Should Buy the Stock Now

August 11, 2023 | barrons.com

Blend Labs Inc.

August 11, 2023 | msn.com

Wells Fargo Maintains Blend Labs Inc - (BLND) Equal-Weight Recommendation

September 22, 2023 | Wall Street Fundamentals (Ad)

The "Plug and Play" Model Putting Online Giants to Shame

August 11, 2023 | msn.com

Blend Labs stock surges after Q2 earnings beat and a fifth round of job cuts

August 11, 2023 | finance.yahoo.com

Blend cuts workforce by 19% amid anemic mortgage lending

August 10, 2023 | finance.yahoo.com

Q2 2023 Blend Labs Inc Earnings Call

August 9, 2023 | finance.yahoo.com

Blend Labs (BLND) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

August 9, 2023 | finance.yahoo.com

Blend Announces Second Quarter 2023 Financial Results

August 3, 2023 | msn.com

Blend Labs Inc - (BLND) Price Target Decreased by 16.35% to 1.29

August 1, 2023 | msn.com

Blend Labs Faces Industry Headwinds With Higher For Longer Rates?

July 31, 2023 | msn.com

Blend Labs: A Long Way To Go

July 26, 2023 | finance.yahoo.com

Blend to Announce Second Quarter 2023 Financial Results on August 9, 2023

July 21, 2023 | finance.yahoo.com

Investors in Blend Labs (NYSE:BLND) have unfortunately lost 57% over the last year

July 18, 2023 | finance.yahoo.com

PRMG Increases Application Conversions and Reduces Costs with Blend’s Soft Credit Functionality

June 13, 2023 | finance.yahoo.com

Blend Labs Further Expands Mortgage Customer Base After Nations Lending Chooses Blend’s Mortgage Suite To Streamline Originations

June 12, 2023 | benzinga.com

Blend Labs Further Expands Mortgage Customer Base After Nations Lending Chooses Blend's Mortgage Suite To Streamline Originations

June 1, 2023 | finance.yahoo.com

Blend to Participate in the Piper Sandler Global Exchange & Fintech Conference

May 25, 2023 | finance.yahoo.com

Nations Lending Chooses Blend to Streamline the Mortgage Origination Process

May 23, 2023 | finance.yahoo.com

Blend Announces Availability of Soft Credit Functionality

May 14, 2023 | insidermonkey.com

Blend Labs, Inc. (NYSE:BLND) Q1 2023 Earnings Call Transcript

May 11, 2023 | finance.yahoo.com

Composable Tech Is Growing At An Estimated 50.4% Annually - This Fintech Is Aiming To Capture More Of That Market With Its New Composable Origination Tech

See More Headlines

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BLND Company Calendar

Last Earnings: 8/09/2023
Today: 9/22/2023
Next Earnings (Estimated): 11/09/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Computer programming, data processing, & other computer related
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NYSE:BLND
CUSIP: N/A
CIK: 1855747
Web: www.blend.com
Phone: 650-550-4810
Fax: N/A
Employees: 1,546
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $1.89
High Stock Price Forecast: $3.25
Low Stock Price Forecast: $1.30
Forecasted Upside/Downside: +60.2%
Consensus Rating: Hold
Rating Score (0-4): 2.20
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.38)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-720,170,000.00
Net Margins: -183.40%
Pretax Margin: -180.19%
Return on Equity: -235.54%
Return on Assets: -58.31%

Debt

Debt-to-Equity Ratio: 5.29
Current Ratio: 8.87
Quick Ratio: 8.87

Sales & Book Value

Annual Sales: $235.20 million
Price / Sales: 1.23
Cash Flow: $0.76 per share
Price / Cash Flow: 1.55
Book Value: $0.55 per share
Price / Book: 2.15

Miscellaneous

Outstanding Shares: 245,890,000
Free Float: 216,798,000
Market Cap: $290.15 million
Optionable: Not Optionable
Beta: 0.58

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Key Executives

Mr. Nima Ghamsari (Age 37)
Co-Founder, Chairman, CEO & Head of Blend
Comp: $325k

Mr. Erin James Collard (Age 43)
Co-Founder & Director

Mr. Rosco Hill
Co-Founder

Mr. Amir Jafari (Age 45)
Head of Fin. & Admin. and Principal Financial Officer

Ms. Oxana Tkach (Age 40)
Controller & Principal Accounting Officer

Ms. Winnie Ling (Age 37)
Head of Legal

Mr. Erik Wrobel
Head of Product

Mr. Kallol Das
Head of Engineering

Ms. Aesha Shah
Head of Design

Mr. Sebastian Joll
Head of Growth

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

BLND Stock - Frequently Asked Questions

Should I buy or sell Blend Labs stock right now?: 5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Blend Labs in the last twelve months. There are currently 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" BLND shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BLND, but not buy additional shares or sell existing shares.
View BLND analyst ratings or view top-rated stocks.
What is Blend Labs' stock price forecast for 2023?: 5 brokers have issued 1-year price objectives for Blend Labs' stock. Their BLND share price forecasts range from $1.30 to $3.25. On average, they anticipate the company's share price to reach $1.89 in the next twelve months. This suggests a possible upside of 60.2% from the stock's current price.
View analysts price targets for BLND or view top-rated stocks among Wall Street analysts.
How have BLND shares performed in 2023?: Blend Labs' stock was trading at $1.44 on January 1st, 2023. Since then, BLND shares have decreased by 18.1% and is now trading at $1.18.
View the best growth stocks for 2023 here.
When is Blend Labs' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, November 9th 2023.
View our BLND earnings forecast.
How were Blend Labs' earnings last quarter?: Blend Labs, Inc. (NYSE:BLND) announced its earnings results on Wednesday, August, 9th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.19) by $0.03. The company earned $42.82 million during the quarter, compared to analysts' expectations of $39.98 million. Blend Labs had a negative trailing twelve-month return on equity of 235.54% and a negative net margin of 183.40%.
What ETFs hold Blend Labs' stock?: ETFs with the largest weight of Blend Labs (NYSE:BLND) stock in their portfolio include Global X PropTech ETF (PTEC).
What guidance has Blend Labs issued on next quarter's earnings?: Blend Labs issued an update on its third quarter 2023 earnings guidance on Thursday, August, 10th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $38.00 million-$42.00 million, compared to the consensus revenue estimate of $43.00 million.

When did Blend Labs IPO?: (BLND) raised $340 million in an initial public offering (IPO) on Friday, July 16th 2021. The company issued 20,000,000 shares at a price of $16.00-$18.00 per share.
What is Blend Labs' stock symbol?: Blend Labs trades on the New York Stock Exchange (NYSE) under the ticker symbol "BLND."
Who are Blend Labs' major shareholders?: Blend Labs' stock is owned by a variety of institutional and retail investors. Top institutional investors include ShawSpring Partners LLC (4.61%), BlackRock Inc. (0.85%), Geode Capital Management LLC (0.66%), Charles Schwab Investment Management Inc. (0.37%), Renaissance Technologies LLC (0.30%) and State Street Corp (0.28%). Insiders that own company stock include Amir Jafari, Crystal Sumner, Jonathan Y Chan, Nima Ghamsari and Timothy J Mayopoulos.
View institutional ownership trends.
How do I buy shares of Blend Labs?: Shares of BLND stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Blend Labs' stock price today?: One share of BLND stock can currently be purchased for approximately $1.18.
How much money does Blend Labs make?: Blend Labs (NYSE:BLND) has a market capitalization of $290.15 million and generates $235.20 million in revenue each year. The company earns $-720,170,000.00 in net income (profit) each year or ($1.38) on an earnings per share basis.
How many employees does Blend Labs have?: The company employs 1,546 workers across the globe.
How can I contact Blend Labs?: Blend Labs' mailing address is 415 KEARNY ST., SAN FRANCISCO CA, 94108. The official website for the company is www.blend.com. The company can be reached via phone at 650-550-4810 or via email at ir@blend.com.

This page (NYSE:BLND) was last updated on 9/22/2023 by MarketBeat.com Staff

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